New York Motorcycle Accident Loans
- Get Cash As Soon As Today
- Rates As Low As 2.5% Simple, Monthly
- Repay $0 If You Lose
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What Are Motorcycle Accident Lawsuit Loans in New York
A motorcycle accident loan is a type of pre-settlement funding designed to offer financial support to plaintiffs who have been injured in motorcycle accidents. In other words, it’s a cash advance which you receive while waiting for the resolution of your legal claim. The beauty of this type of loan is that it’s non-recourse, which essentially means if your case doesn’t succeed, you owe nothing.
This type of loan operates under the assumption that you’ll get a settlement or a jury award from your lawsuit. The funds you receive today come from the expected future settlement. If and when you win your case, the settlement proceeds pay off the loan. If the case does not go your way, and there is no settlement, you owe nothing. This is how motorcycle accident loans provide financial help during tough times when you are dealing with the aftermath of a motorcycle accident.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Key Information About Car Accident Loans in New York
If you’re a victim of a car accident in New York, you might require financial help until your lawsuit concludes. In such cases, car accident loans provided by LawsuitLoans.io can be a valuable option. This loan is not the same as a traditional loan. It’s a cash advance against your likely lawsuit settlement. The following table shows some key facts about car accident loans from LawsuitLoans.io in New York.
|Average car accident loan amount by LawsuitLoans.io in New York
|Largest car accident loan by LawsuitLoans.io in New York
|Average interest rate in New York
|Median personal injury verdict in New York
|New York statute of limitations
|3 Years; Civil Practice Laws and Rules Art. 2 Section 214
|New York fault laws
|New York is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident.
Get up to $500,000 with rates as low as 2.5% simple, monthly
Am I Eligible for a Motorcycle Accident Loan in New York?
If you are asking yourself, “Am I eligible for a motorcycle accident loan in New York?” The answer may be yes. LawsuitLoans.io provides pre-settlement loans to motorcycle accident victims who are pursuing a lawsuit claim. However, before you can qualify for a loan, there are a few key eligibility criteria you need to meet.
The main requirements for a lawsuit loan include having a valid legal claim against an insurance company or a self-insured company. This means you must have been injured due to the negligence of someone else and are now seeking damages for your injuries and losses.
Next, you will need to have an attorney hired on a contingency basis. Doing so shows that you have professional support and are serious about your lawsuit. This requirement is necessary because your attorney will need to provide the lender with details about your case.
Finally, you must be at least 18 years old. This ensures that you have the legal authority to apply for a loan and enter into a contract with the lender.
If you meet these key criteria, you could be eligible for a motorcycle accident lawsuit loan in New York. But remember, every case is unique. So the best way to know if you qualify is to apply through the LawsuitLoans.io funding application.
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your savings and cost when you choose LawsuitLoans.io. While we sometimes offer interest rates as low as 2.5%, our calculator assumes an interest rate of 2.9%. This calculator is illustrative – please contact us for an instant, written quote for your request.
Months Until Settlement:
Pay as little as $2,631 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as $1,697 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Save as much as 39% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Motorcycle Accident Loan Process in New York
When involved in a motorcycle accident, it’s crucial to understand how pedestrian versus auto lawsuit loans work. This is a straightforward five-step process that includes applying online, contact with your law firm by us, a review of your case, contract signing, and finally, issuing funds to you.
To begin with, make an online application on our website at LawsuitLoans.io funding application. Once you submit your application, our team will reach out to your lawyer or law firm to gather more details about your case.
After obtaining all necessary information, we critically review your case. We objectively assess the strength of your case, likelihood of winning, and potential compensation. Following the review, if your case qualifies, you’ll be presented with a contract to be signed.
Once you have signed the contract, the funds will immediately be dispatched to you. This ensures you have the financial freedom to keep up with life expenses as your case continues. There are no upfront fees and monthly payments. Besides, you only pay back if you win your case.
Consider John, for example, who had been injured significantly in a motorcycle accident in New York. John applied to LawsuitLoans.io, and the lawsuit loan process began. The company contacted his law firm, reviewed his case, and saw he had a strong suit. They prepared a contract for John, which he signed, and quickly, John had the funds he needed to cater for his living expenses while he waited for his case outcome.
Apply today and get funds as soon as the same day you apply!
Types of Motorcycle Accident Claims in New York
Motorcycle accidents can occur in a plethora of ways. There are several types of accident claims specific to motorcycles in New York, including but not limited to, rear-end collisions, left-turn accidents, lane splitting accidents, and hit-and-runs.
A rear-end collision occurs when one vehicle crashes into the back of another. In many cases, the driver who hits the motorcycle from behind is often considered at fault. Left-turn accidents occur when a vehicle turning left collides with an oncoming motorcycle. This is often due to the driver failing to yield to the motorcyclist.
Lane splitting happens when a motorcyclist drives between two lanes of slow or stopped traffic. This is a common cause of motorcycle accidents. If a driver isn’t alert, they might not see a lane-splitting motorcyclist in time to avoid a collision. Hit-and-run accidents involve a driver leaving the scene without stopping to identify themselves or assist after a crash.
In New York, the ‘no-fault’ law applies to auto accidents. However, the law doesn’t cover motorcycle accidents. Therefore, the injured motorcyclist can file a lawsuit against the at-fault driver. The success of their claim heavily depends on the circumstances surrounding their accident.
If you have suffered an injury due to a motorcycle accident, it’s crucial to understand how these laws might impact your case. It will increase your chances of obtaining fair compensation through a lawsuit or settlement.
How Much Money Can I Get From my Motorcycle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to more than $1,000,000. Depending on your case’s current status, we offer different loan amounts. For ongoing cases, we can provide up to 25% of your expected share of the settlement. If your case is already settled, we can offer up to 50% of your projected share of the settlement.
For example, let’s take a plaintiff from New York involved in a motorcycle accident. The estimated value of the case is $350,000. Since the case is still in progress and won’t settle for some time, the disbursement gets divided into thirds – the medical providers receive one third, the attorney gets another, and the plaintiff receives the rest, around $115,000 in this scenario. Based on this, LawsuitLoans.io can advance about 25% of the plaintiff’s portion, which comes to approximately $29,000.
Get $500 – $100,000 as soon as today
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same day you apply with us.
Roadway Accident Cases we Fund in New York
At LawsuitLoans.io, we fund almost any type of roadway accident in New York. Here’s a list of some specific types of cases we can help with:
- Bicycle Accident Loans: We can provide pre-settlement funding if you’ve been injured in a bicycle accident and are unable to work or cover your expenses while your claim is being resolved.
- Car Accident Loans: If you’re involved in a car accident and currently pursuing a legal claim, we can help with living expenses until you receive your settlement.
- Commercial Vehicle Accident Loans: Accidents involving commercial vehicles can often result in serious injuries. We can provide funds to help tide you over until your case concludes.
- Government Vehicle Accident Loans: Suing a government entity can take time. We provide necessary funding to tide you over during this period.
- Motorcycle Accident Loans: Motorcycle accidents often have severe outcomes. We can support you financially while your case is being resolved.
- Pedestrian Accident Loans: If you’ve been injured as a pedestrian, get the financial support you need while your claim settles.
- Rideshare Accident Loans: Rideshare accidents can involve complex liability issues. We can provide cash advances to aid you while your case is ongoing.
Major Cities we Serve in New York
LawsuitLoans.io is proud to offer services across the United States, including the great state of New York. Major cities that we serve in New York include:
- New York City
- New Rochelle
- Mount Vernon
Please note that these are not the only areas we serve. LawsuitLoans.io confidently provides funding for residents in all cities in New York and nationwide. Wherever you are, our team is ready to assist with your lawsuit funding needs.
Get up to $500,000 with rates as low as 2.5% simple, monthly
New York Motorcycle Accident Funding FAQs
If you live in New York and have a motorcycle accident lawsuit, you might have questions about pre-settlement funding options. Here, we’ll answer a few of the most common questions asked by plaintiffs like you.
How much does it cost to get a motorcycle accident lawsuit loan?
Each case is unique, so the cost for a lawsuit loan varies. Factors can include the expected settlement amount, the specifics of your case, as well as the duration until settlement. You can get a quote by visiting LawsuitLoans.io or by calling the toll-free number (866) 594-1343.
Do I qualify for a lawsuit loan on my motorcycle accident case?
To qualify for a lawsuit loan, you need to have a personal injury claim originating from a motorcycle accident, be represented by an attorney, and the case has to be strong enough that repayment is likely – typically this means it’s likely the lawsuit will settle or win at trial. For full eligibility requirements, check out the LawsuitLoans.io funding application.
Can you get a loan on a motorcycle accident settlement?
Yes, you can. LawsuitLoans.io specializes in providing loans to plaintiffs awaiting their settlement payout from a motorcycle accident lawsuit. The loan is risk-free, meaning if you don’t win your case, you don’t need to repay the loan.